10:1 stock split: Multibagger penny stock under Rs 40 rockets over 300 per cent from its 52-week low; Scrip jumps 4.55 per cent today!
The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent.
Today, shares of Cellecor Gadgets Limited surged 4.55 per cent to Rs 35.60 per share from its previous closing of Rs 34.05. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 8.82 per share.
Cellecor Gadgets Ltd, founded in 2010, is an Indian company that sells consumer electronics under its brand name. They focus on providing affordable options for various devices, including smart TVs, mobile phones, smartwatches, earphones, and various accessories. Cellecor outsources the manufacturing of these products and then distributes them through a network of over 900 distributors, 25,000 retailers, and 1200 service centres across 28 Indian states, with a strong presence in Uttar Pradesh, West Bengal and Gujarat.
Cellecor Gadgets Limited, a prominent player in consumer electronics, has solidified its market position with a substantial order of 7,000 units for the upcoming Big Billion Sale on Flipkart, valued at approximately Rs 10 million. This achievement underscores the company's strong product appeal and market demand. To further strengthen its digital presence, Cellecor has entered into a strategic partnership with Cred, a leading fintech platform renowned for its premium credit card payment solutions.
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To spearhead its e-commerce expansion, Cellecor has appointed Chetan Sehgal as its E-commerce Head. Sehgal's extensive experience, coupled with his MBA from IIM Ranchi, positions him to drive significant growth. Under Sehgal's leadership, Cellecor is implementing an aggressive strategy that includes ramping up digital advertising, optimizing website functionality, and leveraging data analytics for targeted marketing. The company has assembled a team of e-commerce specialists to refine its digital strategy and boost online visibility. With a focus on these key initiatives, Cellecor aims to achieve substantial revenue growth during the upcoming festive season, targeting Rs 50 crore in sales. Sehgal's leadership, combined with the company's strategic focus, positions Cellecor to innovate, elevate its brand presence, and thrive in the competitive digital marketplace.
stock split: The shares of the company ex-traded stock split in the ratio 10:1 i.e., sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Re 1. The record date for the stock split was Friday, August 09, 2024.
The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent. As of March 2024, the promoters of the company own a 51.54 per cent stake, FIIs own 0.77 per cent, DIIs own 3.91 per cent and the rest 43.78 per cent is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.
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